AUSTRALIA

((Business Innovation and Investment Program))

VISA FREE DESTINATIONS:

182 PASSPORT INDEX RANK:

7th

OVERVIEW:

The Australian Government permanently closed the Business Innovation and Investment Program in July 2024.

It was replaced with the National Innovation Visa, which is a streamlined pathway to permanent residence for highly skilled and talented academics, global researchers, innovative investors and entrepreneurs, as well as world-renowned athletes, artists, and entertainers.

Australia is a highly developed country and has one of the world’s top 15 economies. The country provides its nationals with a high quality of life, economic freedom, and the protection of civil liberties and political rights. Non-Australian citizens may apply for temporary residence under any one of the Business Innovation and Investment Program’s streams. Temporary residence visas allow non-Australian citizens to remain in the country for a specified duration for purposes such as tourism, study, and work, often providing a pathway to permanent residence eligibility.

PROCEDURE:

Procedures for Australia Residence by Investment via The National Innovation Visa Program

Exceptionally talented individuals can submit an Expression of Interest (EOI) to the Australian Department of Home Affairs, which then invites a select number of this group to apply for a National Innovation Visa.

MINIMUM CAPITAL REQUIREMENT:

No financial contribution

MAIN APPLICANT REQUIREMENTS:

To be invited to apply for the National Innovation Visa, applicants must:

Be internationally recognised for exceptional achievement, remain prominent in their field, and provide evidence such as senior roles, patents, professional awards, international publications, or memberships
Demonstrate that they would be an asset to Australia, can easily gain employment or establish themselves in their field, and contribute to the country through economic, social, cultural, academic, artistic, or sporting achievements
Be nominated by a recognised organisation or individual in Australia within the same field, or by an Australian state, territory, or federal government agency

PhD graduates from top global universities or with recent publications in top-ranked journals may also apply.

PROCESSING TIME:

6-12 months

KEY BENEFITS:

High standard of living
Multicultural
Political, social, and economic stability
Objective, merits-based immigration system with predictable outcomes
Compulsory 10% superannuation or pension payable by employer

AUSTRALIA

AUSTRALIA

((Business Innovation and Investment Program))

VISA FREE DESTINATIONS:

182

PASSPORT INDEX RANK:

7th

OVERVIEW:

PROCEDURE:

MINIMUM CAPITAL REQUIREMENT:

MAIN APPLICANT REQUIREMENTS:

PROCESSING TIME:

KEY BENEFITS:

Preserving Your Family, Wealth and Legacy